📊 USDJPY 23rd January 2025 Daily Analysis Based on Main Key Levels

Current Market Overview

The current Daily Current Market Price (DCMP) for USDJPY is 156.614. This analysis identifies key resistance and support levels, along with actionable trade setups based on technical and fundamental analysis.

Key Levels Summary

Resistance Levels Above DCMP (156.614)

🔺 Resistance 1: 157.721

🔺 Resistance 2: 158.481

🔺 Resistance 3: 159.711

Support Levels Below DCMP (156.614)

🟢 Support 1: 155.261

🟢 Support 2: 154.501

🟢 Support 3: 153.271

Swing Levels

📊 Swing High: 158.880

📊 Swing Low: 156.237

Trade Setups

💼 Intraday Buy Trade Setup

Entry Price: ✨ 156.491

Stop Loss: ❌ 156.200

Take Profit 1: 🎯 156.800

Take Profit 2: 🎯 157.000

Reason for Entry:

The support level at 156.491 is below the DCMP, establishing a strong buying zone. This level aligns with significant technical support, indicating potential for upward movement.

💼 Intraday Sell Trade Setup

Entry Price: ✨ 157.721

Stop Loss: ❌ 158.000

Take Profit 1: 🎯 157.400

Take Profit 2: 🎯 157.200

Reason for Entry:

The resistance level at 157.721 is above the DCMP, indicating a strong selling zone. This level aligns with key technical resistance, suggesting potential for downward movement.

Analysis Summary

Resistance and Support Levels: Key levels derived from technical analysis indicate potential reversal zones. Resistance levels are identified at 157.721, 158.481, and 159.711, while support levels are at 155.261, 154.501, and 153.271.

Fibonacci Levels: The identified support and resistance zones highlight significant retracement and extension levels, providing potential entry points for trades.

RSI Divergence: RSI indicates potential overbought conditions at resistance levels and oversold conditions at support levels, confirming possible reversals.

MACD Crossing: MACD suggests bullish momentum at support levels and bearish momentum at resistance levels, providing additional confirmation for trade setups.

Conclusion

This analysis provides actionable trade setups and key levels to help traders make informed decisions in the USDJPY market. With the current market price at 156.614, traders can utilize the outlined resistance and support levels, along with technical indicators, to execute trades confidently.